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    Home > Chemicals Industry > New Chemical Materials > June 2 aluminum market morning review

    June 2 aluminum market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the US dollar index climbed sharply, the monthly aluminum price fell sharply, and the LME three-month aluminum price fell 2.
    33% to 2724 US dollars / ton
    .
    Shanghai aluminum night trading gap opened low, then rebounded to 20385 yuan / ton, then fell back and fluctuated
    slightly.
    The main 2207 contract closed at 20295 yuan / ton
    .

    Aluminum City

    In the morning spot market trading are cautious, downstream stocking willingness is weak, middlemen and traders also show a risk-off mentality
    .
    Holders sell goods at a lower price
    .
    The mainstream trading price in Shanghai is around 20,200 yuan / ton, which is about 60 lower than that of futures
    .
    The mainstream transaction price in Guangdong is around 20170 yuan / ton
    .

    At present, domestic consumption continues to improve, and the sharp recovery of manufacturing PMI in May also reflects a strong recovery trend
    .
    However, the short-term stimulus policy has yet to be effective, and the consumption of the real estate market still has a significant drag
    .
    Short-term aluminum prices are still mainly range-bound, and it is recommended to try to bargain hunt in
    operation.
    Pay attention to the progress of duplicate pledge events and destocking
    .

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